Question

in accounting information system, What are functional requirements for a new system?

1. What is the difference between (Decision support system (DSS) and executive information system (EIS)?

Answer 1

Answer:-

An accounting information system’s software refers to the computer programs used to keep and access data.

The system designed should be useful to the stakeholders and information must be easy to understand, relevant and up to date. It should take care need of various users.

This can varies from simple and user-friendly systems like QuickBooks to huge corporate databases. AIS software must be reliable, efficient, and secure. Managers and executives rely on the information generated by their AIS to make pertinent financial choices for their businesses.

Publicly companies will find some additional regulations concerning their AIS software depending on the law in the country where they are located. The Sarbanes-Oxley Act of 2002 requires certain levels of transparency and accountability in the software systems of corporations owned by shareholders. This act was passed in the wake of corporate scandals around the turn of the century involving companies like Enron, WorldCom, and many more.

Dimesion	DSS	EIS
Focus	Analysis, decision Support	Status access
Application	Diversified areas where managerial decisions are made	Environmental scanning, performance evaluation
Principal use	Planning, organising, staffing and control	Tracking and control
Graphics	Integrated part of many DSS	A must
Treatment of Information	Information is used as input to DSS which was provided by EIS or MIS	Filters and compresses the information, tracks data and information.
Supporting detailed information	Can be programmed into DSS	Instant access to supporting details of any summary
Model base	The core of DSS	Can be added
Hardware	Mainframes, micros or distributed	Distributed system
Database	Special	Special